_____ is most widely used to measure inflation in the United States.
A)producer price index
B)consumer price index
C)GDP deflator
D)national income account

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is widely used to measure inflation in the United States. The index tracks the prices of a basket of goods and services that are typically purchased by urban households, including food, housing, transportation, and medical care. By tracking changes in the prices of these goods and services over time, the CPI provides an indication of how much prices are increasing or decreasing, and thus how much inflation is occurring.

_____ Is Most Widely Used to Measure Inflation in the United